[4][5][6] In April 2015 The New York Times reporter Nathaniel Popper wrote that the Goldman Sachs investment "should help solidify Bitcoin’s reputation as a technology that serious financial firms can work with.

[13][14] In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services.

[23] In September 2018, Circle, along with Coinbase Global,[24] released a consortium called Centre, which launched digital USDC pegged to the dollar.

[25] Centre was intended to serve as a platform for users to make deposits from traditional bank accounts and convert fiat currency into tokens.

[31] In 2023, at the World Economic Forum's annual meeting in Davos, Switzerland, Allaire said the United States needs new statutory definitions of digital assets to provide regulatory clarity.

He also said he hoped Circle will be regulated by the U.S. Federal Reserve and become an established financial player in order to distinguish the company from recent implosions in the crypto industry.

Analysts have suggested that well-regulated stablecoins would invite competition from mainstream banks and have the potential to disrupt the current remittance, payments, and peer-to-peer transfer system.

[3] In July 2023, Circle announced layoffs and stated that it had discontinued investments in non-core business areas.

[27] Visa also announced it was expanding a pilot program that uses USDC on the Solana blockchain to help pay some merchants in cryptocurrency.

[42][43] According to data compiled by Visa, USDC overtook Tether in stablecoin transaction volume in April 2024.

[48] In December 2016 the Circle app stopped supporting the exchange of bitcoin but still allows money transfers.

[53][54] In October 2018 it was announced that Circle planned to acquire SeedInvest, subject to FINRA (Financial Industry Regulatory Authority) approval.